Taxpayer - Law Dictionary Search Results
Home Dictionary Name: taxpayertaxpayer
taxpayer a person as an individual or corporation that pays or
letter
and disputes the auditor s determination that sets out the taxpayer s right to appeal note a taxpayer has 30 days
exemption
exemption that is allowed for the taxpayer or for the taxpayer and spouse if filing a joint return b the right
at-risk rule
take for a loss to the amount for which the taxpayer is personally liable
basis
revenue code has set some limits on which method a taxpayer may use for figuring taxable income for example a corporation
dependent
is dependent esp a close relative or member of a taxpayer s household who receives over half of his or her
foster child
with the taxpayer for the entire year and whom the taxpayer treated as his or her own child
private letter ruling
a letter from the internal revenue service to an individual taxpayer setting out the agency s interpretation of the tax rules
adjustment to income
income an expense that can be deducted even if the taxpayer does not itemize deductions
assignment
debtor s debts assignment of income an assignment by one taxpayer to another of income for the purpose of avoiding taxes
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